SHIB Price Outlook Tests Key Resistance Zone
- SHIB defended a major long-term support zone while testing trendline resistance and improving weekly momentum indicators.
- Price held near $0.0000046 as MACD weakened bearish pressure and RSI stabilized below the neutral threshold.
- Fibonacci projections remain active, although confirmation still depends on a sustained breakout above resistance levels.
SHIB Price Outlook remains closely watched as Shiba Inu defends long-term support while testing resistance. Momentum indicators show improving conditions, although confirmation of a broader trend reversal remains pending.
Long-Term Support Continues Holding
The weekly chart presents SHIB's market cycle since the 2021 rally. It tracks the following correction and prolonged consolidation. The structure identifies crash, retrace, and accumulation phases.
A broad blue support zone continues acting as the market floor. Price repeatedly tested this area without recording a weekly breakdown. Buyers have continued defending this level during recent weakness.
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